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Louisiana’s lawmakers may have proven resistant to tax increase proposals, but they're always asking, “What are other states doing?”Thanks to the NPR…
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State fiscal analysts did not spare the bad news when the Revenue Estimating Conference met Wednesday.“Sales tax is stagnating,” Legislative Fiscal…
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Deep horizontal drilling for oil and gas is enormously expensive. The fracking process to release oil and gas from the shale reached by those deep wells…
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Six weeks into the new state budget, and many are worriedly asking, “Is the new budget okay?”“That’s a big unknown,” Legislative Fiscal Analyst Greg…
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The price of oil has dropped more than $10 per barrel over the past month. And many of the fortunetellers of fossil fuel finances are now saying this is…
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Oil hit a new high for the year — closing at just under $61 a barrel. But some analysts say the global economic slowdown and the rise of alternative energy will mean less demand and lower prices.
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Many transportation and delivery companies began adding fuel surcharges when oil prices shot up a few years ago. Now, the cost of oil has plunged — but many of those fuel fees still linger.
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As oil prices dip, controversial and relatively expensive production methods, like oil sands and fracking, have become less profitable. Some drillers are already cutting back on plans for more wells.
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Prices are down 25 percent since June, unleashing ripples around the globe that range from lower gas prices in the U.S. to budget problems in Russia to political pressures in the Middle East.
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The embargo led to long gas lines and shaped U.S. foreign policy to this day. However, the world energy market has changed dramatically over the past four decades, and the U.S. now gets less than 10 percent of its oil from the Middle East.